The tax break, a part of the 2017 tax bill, is designed to spur investment in distressed communities. But with few incentives for investment that will directly help low-income residents, some worry that Opportunity Zones could exacerbate displacement.

The tax break, a part of the 2017 tax bill, is designed to spur investment in distressed communities. But with few incentives for investment that will directly help low-income residents, some worry that Opportunity Zones could exacerbate displacement.

The holdup jeopardizes Iron Stone’s plans for the 325,000-square-foot building at 46th and Market Streets, which were to include Children’s Hospital of Philadelphia medical offices and a YMCA day-care center.

The suit marks an escalation in a legal battle that’s raged between Carl Dranoff and Camden since the developer asked the city to transfer the tax-break deal to a Denver-based firm that had been under contract to buy the Victor Apartments.

The city is under contract to sell the West Philadelphia property for $10 million after paying more than $52 million to buy it and begin renovating it for use by the Police Department, according to a published report.